Home > Money > Question
Need Expert Advice?Our Gurus Can Help

41 yr old with 50K monthly expense wants to retire at 55 with 80 yr life expectancy. What's my retirement corpus?

Milind

Milind Vadjikar  |511 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 10, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Oct 09, 2024Hindi
Listen
Money

Hi Vivek ji, I am 41 years old and want to calculate my retirement corpus. My monthly expenditure is 50K per month and I plan to retire at an age of 55 years. The life expectancy in my family is about 80 years. Pls help me calculate my retirement corpus. It will be kind of you to provide the calculations so that I can try out various possible scenarios by myself. Thanks in advance.

Ans: Hello;

Your current monthly expenses of
50 K would rise to 1.13 L in 14 years time by the time you retire.(6% inflation considered)

Therefore you would need a retirement corpus of 4.5 Cr invested in an equity savings type mutual fund(Moderate risk)

You may do an SWP at the rate of 3% which will yield you monthly income of around 1.13 L(Inflation adjusted expenses).

The corpus will keep on growing at a net rate of 6% after deducting 3% towards SWP.(A modest return of 9% pa is assumed from equity savings type fund).

After 25 years you will have a corpus of 19.82 Cr, after accounting for SWP withdrawals of 7.86 Cr spread over 25 years.

It will still yield monthly payout of 4.95 L to cover inflation indexed expenses at the age of 80 years for you.

You can use many online tools available for retirement planning to do your various calculations, as desired.

Happy Investing!!

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Milind

Milind Vadjikar  |511 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 10, 2024

Latest Questions
Kanchan

Kanchan Rai  |379 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 26, 2024

Kanchan

Kanchan Rai  |379 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 26, 2024

Asked by Anonymous - Oct 04, 2024Hindi
Listen
Relationship
I m 37 years old married male, last year me and my wife had to live in separate cities for 9 months and we used to meet twice a month, during this period she fell in love with an unmarried 24 yrs old boy who lived in opposite flat and made physical relationship and emotional touch speaking to him 2-3 hours daily in night. Since I was away I nvr knew. Now i caught her speaking to him and now she is saying she is sorry she fell for him as he was attractive and was always available on phone for her which I was not. I don’t know if I should stay in marriage or not. I have two kids 8 and 4 yr old. Plz guide, I loved her a lot in these 9 yrs of marriage.
Ans: The fact that she’s admitted to what happened, expressed regret, and given reasons for her choices — namely feeling lonely and drawn to someone who offered her attention — is a start toward honest communication. While her reasons may not justify her actions, they might give you a clearer understanding of what led to this, which could help you both explore whether there’s potential to rebuild trust. Since you both loved each other over the years, it might be worth taking time to process this together before making any final decisions.

If you’re open to trying to repair things, consider seeking the support of a counselor or therapist who can help you both navigate these emotions. Counseling could provide a space to work through the betrayal, resentment, and hurt, allowing you both to express your perspectives and listen openly to one another. Your wife’s willingness to commit to this process — to address her actions, rebuild trust, and make amends — will be a key indicator of her dedication to repairing your relationship.

However, forgiveness and moving forward are deeply personal choices. Take time to consider what you truly need to feel secure and fulfilled in this marriage, keeping your children’s well-being in mind as well. Whatever path you choose, make sure it aligns with your own sense of self-respect, emotional health, and vision for a peaceful, supportive family life.

...Read more

Kanchan

Kanchan Rai  |379 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 26, 2024

Asked by Anonymous - Oct 03, 2024Hindi
Listen
Relationship
I recently got married. I find it hard to live with my mother in law as she wants to micromanage. My husband keeps telling me that things are gonn be alright once you both understand each other ( His mother and I) due in time. My husband hardly stays at home due to work. I find it unfair that I’m made to adjust to his difficult mother while he continues to go about his life. Although we agreed to stay together with his mother after we are married, now that I’m finding it hard and I have requested him multiple times to do something about it since it’s effecting my mental health. And my point is that since it’s hard for me and since he is my husband why can’t he make some arrangements for me to live separate, example by making excuse of my workplace being too far from his house etc. But what he only says is ‘ Everything will be fine with time’ and I find this statement itself dismissing my difficulties. While he hardly stays at home he leaves me behind to adjust to his difficult mother is also something I find unjust. What shall I do
Ans: You’re absolutely right to voice your concerns; it’s a major transition, and feeling micromanaged can take a toll on anyone. But it’s also clear that your husband feels a sense of duty towards his mother and believes that, over time, things may settle naturally as you get to know each other better. While his optimism might feel dismissive, it’s likely coming from his hope that time will help ease things for both of you.

Taking a step back, it might be helpful to consider his perspective. For him, there’s likely a deep-rooted loyalty and sense of care for his mother, perhaps much like what you might feel if it were your own mother. He might hope that the three of you can coexist peacefully and that, with patience, you and his mother will reach an understanding. It’s possible he’s trying to avoid confrontation, believing it will make things harder for everyone.

Perhaps, try to find a balance that respects both your needs and his family obligations. You could approach him with empathy by acknowledging, “I understand that you want us to grow closer and that it’s important for you to support your mother. I’d feel the same if it were my own mother.” But you can gently express that, despite your efforts, the situation is taking a toll on your mental health and that a temporary solution, like living separately, could actually help everyone in the long run. Let him know that you want to build a strong relationship with his mother, but to do so, a bit of breathing room may help you approach her with more patience and understanding.

Opening the door to his perspective in this way might soften his stance and encourage him to consider arrangements that balance everyone’s well-being. By approaching the situation together, as a team, you’re more likely to find a solution that honors both his responsibilities and your need for space, making room for a more peaceful family dynamic in the long term.

...Read more

Kanchan

Kanchan Rai  |379 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 26, 2024

Asked by Anonymous - Oct 02, 2024Hindi
Listen
Relationship
Am a married man Married for the past 18 years Unhappy doesn't define the marital times , Miserable does Blessed with 2 kids though Wifes nature has gone from bad to worse , She fights , argues all the time for reasons best known to her .. In the meantime I have a huge crush on on my clients She's about my age Drop dead gorgeous But till now the communication has only been professional. Am into the business of financial planning and portfolio management by the way. Till now we only discuss professional and financial matters She's very thankful for the advise that I have been able to provide her till date as it has helped her grow her portfolio for the long term. I am absolutely smitten by her , Soft spoken Eloquent manners Well dressed Quite the opposite of the woman I have at home I would love to ask her out for a coffee, but can't muster the courage I know it's morally and ethically incorrect . But more than , fear rejection and not seeing her again . Caught between the rock and the hard place . Please advise
Ans: Being in a difficult relationship can naturally lead you to notice and appreciate people who seem to embody calm, understanding, and connection. The admiration you feel for your client represents qualities you genuinely desire, and it's entirely human to be affected by that, especially when things at home are tense.

However, acting on these feelings, especially in the context of a professional relationship, could bring complications. Initiating something with your client could impact your work, reputation, and family, and, as you said, it may cause her to withdraw if she feels uncomfortable. A client relationship, especially one built on trust and long-term financial guidance, relies heavily on professionalism and clear boundaries.

Perhaps the first step here is to reflect on what you’re looking for in your marriage and whether there’s a path to feeling more fulfilled. Though things may feel beyond repair, sometimes a shift in communication or counseling can open doors to changes you might not have anticipated. Or, if you feel the marriage cannot meet your needs anymore, considering a healthy and respectful transition could eventually open the way for relationships that allow you to feel emotionally free and fulfilled without the complexity of overlapping commitments.

In the meantime, try focusing on nurturing your own growth outside of the current situation. Sometimes, interests, hobbies, or friendships unrelated to work or home life help bring clarity and a new perspective, enabling you to decide on the best path forward for yourself and your family.

...Read more

Kanchan

Kanchan Rai  |379 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 26, 2024

Asked by Anonymous - Sep 24, 2024Hindi
Listen
Relationship
Hi I'm a 40, widow, mother of 3. I'm in a relationship with a man who is 10 yrs older to me. He is married, has his wife and kids. We are seeing eachother for the last 2 years. He is a 100% family man. He is very helpful in nature, he will do all he can to help anyone. The same way he is always there for me.. I ask him for opinions and suggestions, and he readily helps. We get cozy with eachother. He says that he has feelings for me and I too have feelings for him. It pains me when we do not talk or meet due to his busy schedule. But he calls every day. He loves his family very much. But what is our relationship?
Ans: It sounds like you have a meaningful connection with this man, but the nature of your relationship is complex, given his family commitments and responsibilities. While he provides you with support and companionship, his primary loyalty remains with his family. For many people in situations like this, the relationship can feel like it’s in a gray area—somewhere between a friendship and a romance—but it lacks the definition and commitment that usually characterize a stable partnership.

The feelings you both share are real, and it’s understandable that you enjoy his presence, advice, and care, especially since you’re navigating life on your own with three children. However, his involvement with his family sets limitations on what this relationship can be. Despite his feelings for you, his commitment to his family will likely always be his priority, and this can often mean your needs might go unfulfilled or be deprioritized.

Given this dynamic, it may be worthwhile to reflect on what you genuinely want from this relationship and whether it aligns with the reality of his availability and his priorities. Sometimes, knowing the nature of what you need—whether it’s companionship, support, or a romantic commitment—can help you decide if this relationship can give you fulfillment or if you would like something with more clarity and stability.

Ultimately, how you choose to define or continue this relationship is up to you, but reflecting on your own needs and boundaries will help you find a path forward that respects both of you and brings you the emotional security you deserve.

...Read more

Kanchan

Kanchan Rai  |379 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 26, 2024

Asked by Anonymous - Sep 22, 2024Hindi
Listen
Relationship
I am 52 year old female. I am a divorcee. I got married second time and it was the worst nightmare I went through. He was a hard core narcissist. I somehow stayed back for 4 years. Dont know why i kept on going back to him. It was a hard realization for me. He did everything possible to torture me and my daughter. Abuse, insults, gaslighting, manipulation, whatever one cannot imagine was done. I just hanged on coz i had nowhere to go at this age. This was an added advantage to him. He spoilt all my relationships at my back. I was completely choked living with him. But somehow I finally made some courage and left him forever not disclosing my details to anyone. I remained very isolated and moved to another city. I just ignored everything after that and blocked all his contacts. The main thing here is, it has been 4 years i came out of that relationship, got a divorce again which was very painful for me. But the thing is he has been sending messages for the last 4 years, all abusive language used. I am just ignoring things. Also i dont want to go to police or court coz I have had enough of all that throughout my life. Each time i block and ignore he uses a different number to message. Dont these people get tired doing all such things to another person. What kind of mentality is this. Because of all this I have kept myself isolated and dont mingle much with others. I lost everything Because of that man. Somehow got a job and surviving. I want to know what kind of people are these and what do they achieve doing all this. 4 years after leaving him i still keep getting messages though I maintained my privacy now.
Ans: For them, it’s about maintaining a sense of control, even if it means doing so through intimidation or manipulation. Abusive individuals with narcissistic traits are driven by an intense need for dominance, often unable to let go of those they once controlled. To them, harassment is a way of asserting that dominance, especially if they sense their target has gained any form of freedom or independence.

These behaviors stem from a place of deep insecurity masked by aggression, control, and a lack of empathy for the emotional and physical well-being of others. In their minds, harassment or abuse keeps the connection alive, no matter how destructive. Narcissistic individuals might not necessarily get tired of inflicting harm because, in a twisted way, it fulfills their need to feel powerful and in control. This behavior often extends over years for some abusers who refuse to let go.

Your resilience is remarkable, and choosing to move away and keep your details private was a courageous and necessary step for reclaiming your life. If you continue to receive these harassing messages, one option is to consider a digital harassment tracking tool, which could at least help you identify patterns or, if needed later, evidence if you ever decide to take a legal step. Some victims of abuse find that a written log of such instances can help them feel in control and serve as a reminder of their strength in managing each encounter without being drawn back in.

Building a support system slowly with people you trust or finding support groups for abuse survivors can provide comfort and encouragement, as isolation can be an unfortunate side effect of abuse. Re-engaging with supportive friends, therapy, or online communities for people recovering from narcissistic abuse could gently help you rediscover a world of safe and caring connections.

...Read more

Pushpa

Pushpa R  |21 Answers  |Ask -

Yoga, Mindfulness Expert - Answered on Oct 25, 2024

Asked by Anonymous - Oct 24, 2024Hindi
Listen
Health
Resected Madam, I am a 72 years male . I had undergone left hemicolectomy with diversion ileostomy ( open "Surgery" )for carcinoma descending colon on 23 March,2024 and the stoma closure was done on 17th July,2024. As per the consultant Oncologist the carcinoma was localized , did not spread to other parts of the body and I was not advised to undergone chemotherapy etc for the same reason. Kindly advise which Yoga postures I can practice now to ease constipation and also the yoga postures I must not / avoid now. With Kind Regards,
Ans: After your surgery, gentle yoga postures can help ease constipation and improve digestion. Start with simple poses like Pawanmuktasana (Wind-Relieving Pose), which can relieve gas and promote bowel movements. Lie on your back, hug one knee to your chest, and gently press it down to your abdomen, then switch legs. Practicing Supta Baddha Konasana (Reclining Bound Angle Pose) can also be very calming and helps stimulate digestion. Breathe deeply and allow your body to relax fully.

However, avoid intense twisting poses (like Ardha Matsyendrasana) and deep forward bends as these may strain your abdominal area. Also, postpone advanced poses or any practice that puts pressure on your core until you’ve fully regained strength and mobility.

Consulting a certified yoga coach is essential to ensure you perform these poses safely, especially after surgery. A coach can help you adapt postures to your current needs and gradually increase the intensity as you progress.

Warm Regards,
R. Pushpa, M.Sc (Yoga)
Online Yoga & Meditation Coach
Radiant YogaVibes
https://www.instagram.com/pushpa_radiantyogavibes/

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x